Economic and Market News for 23 November 2020
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23 Nov
10:01Harworth acquires Saturn Park in Merseyside for £26mLand and property group Harworth said it had acquired off-market Saturn Park in Knowsley, Merseyside, for £26 million plus acquisition costs. The acquisition, in line with Harworth's strategy to...
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23 Nov
10:00RUA Life Sciences hails positive heart-valve test resultsMedical devices group RUA Life Sciences said it had recorded positive test results for its most recently manufactured surgical valves. The hydrodynamic or pulsatile flow testing replicated the...
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23 Nov
09:51Cerillion raises dividend as annual profit gets boost from new ordersCustomer relationship management software company Cerillion raised its final dividend after reporting a rise in profit as new business wins boosted revenue. For the 12 months ended 30 September...
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23 Nov
09:47Evgen Pharma recruits first patient in study to assess acute respiratory infections drugDrug development company Evgen Pharma said it had enrolled and dosed its first patient in the STAR trial evaluating SFX-01 as a treatment for acute respiratory infections. This phase II/III trial...
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23 Nov
09:45Cake Box lifts interim dividend; profit falls 4% in H1Fresh cream cakes retailer Cake Box today lifted its interim dividend as first-half profit fell modestly amid higher margin and revenue. For the six months ended 30 September 2020, pre-tax profit...
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23 Nov
09:39Reabold Resources, Union Jack Oil confirm disappointing well resultsShares in Reabold Resources and Union Jack Oil both fell sharply after the companies announced disappointing drilling results from the West Newton venture in England. The WNB-1 well, drilled to a...
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23 Nov
09:32Advanced Medical Solutions acquires Raleigh Adhesive Coatings for £22mWoundcare company Advanced Medical Solutions said it had acquired Raleigh Adhesive Coatings for £22 million, strengthening the company's position in the woundcare sector. 'Raleigh has also...
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23 Nov
09:29Gulf Marine Services suspends Tim Summers as CEOEnergy support vessels company Gulf Marine Services said it had suspended Tim Summers from his current role as chief executive officer, pending an internal investigation into a severance agreement...
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23 Nov
09:26Elementis closes production plant in Charleston, West VirginiaChemicals company Elementis said it had closed its production plant in Charleston, West Virginia. The decision followed a review of its North American manufacturing operations to improve both...
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23 Nov
09:18Bluejay Mining joins European Raw Materials AllianceExploration and development company Bluejay Mining said it had joined the European Raw Materials Alliance. The ERMA was recently launched by the European Commission as part of its outlined action...
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23 Nov
09:16Directa Plus partner NexTech develops Li-S Battery exceeding 400Wh/kgDirecta Plus said NexTech Batteries' Lithium-Sulphur batteries battery, produced with the company's graphene nanoplatelets had achieved above 400 watt-hours per kilogram in pre-production...
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23 Nov
09:13Uniphar bid for Hickey's Pharmacy gets antitrust nodHealth care services group Uniphar said Ireland's Competition and Consumer Protection Commission had approved its planned acquisition of Hickey's Pharmacy. The deal, previously disclosed on 2...
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23 Nov
09:10Gulf Keystone Petroleum completes SH-12 well workover; sees output at top end of guidanceGulf Keystone Petroleum said it had completed its planned workover on the SH-12 well in Iraq and expected output within the top end of its guidance range. The company confirmed that average 2020...
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23 Nov
08:57Active Energy appoints Andrew Diamond as finance directorRenewable energy and forestry management business Active Energy said it had appointed Andrew Diamond as finance director starting from 1 January 2021. Diamond was previously finance director at...
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23 Nov
08:51Vast Resources poised to notch first concentrate sale from Romania mineMining company Vast Resources said the first commercial sale of concentrate produced at its Baita Plai polymetallic Mine in Romania was expected to conclude on Wednesday. The company said it had...
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23 Nov
08:49Verona Pharma secures $30m debt facility from Silicon Valley BankRespiratory diseases focused Verona Pharma said it had entered into a debt financing facility for up to $30 million with Silicon Valley Bank. The capital provided further financial flexibility to...
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23 Nov
08:45Chamberlin loses largest machine shop customer; shares slumpCastings and engineering group Chamberlin said it had lost its largest customers of the machine shop's output to a rival supplier. Ongoing customer orders were likely to be a 'fraction of the...
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23 Nov
08:36Eqtec agrees to extend Billingham MoU until 18 DecemberGasification technology company Eqtec said it had agreed with Scott Bros. Enterprises to extend the exclusivity period of the Billingham memorandum of understanding to jointly develop the proposed...
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23 Nov
08:31HICL secures new letter of credit facility to fund projectsInfrastructure company HICL said it had signed a new letter of credit facility to support its existing and future commitments to projects in construction. The facility was initially sized at...
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23 Nov
08:26LXi REIT swings to H1 loss on lower portfolio valueLong income real estate investment trust LXi REIT swung to a first-half loss as higher rental income was offset by a pandemic-fueled fall in the value of its property portfolio. For the...
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23 Nov
08:06John Laing increases stake in I-77 Mobility Partners with $38.6m investmentInfrastructure investor group John Laing said it had increased its stake in I-77 Mobility Partners by 7.45% to 17.45% after investing an additional $38.6 million. I-77 Mobility Partners was the...
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23 Nov
08:00Cineworld secures $450m liquidity injection; targets additional $300mCinema group Cineworld said it had secured a $450 million debt facility maturing 23 May 2024, to firm up its finances and would undertake additional measures to deliver over $300m in liquidity....
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23 Nov
07:44AstraZeneca says its Covid-19 vaccine 70% effectivePharmaceutical company AstraZeneca said clinical trials in the UK and Brazil showed its Covid-19 vaccine, being developed with Oxford University, had an average efficacy of 70% in protecting...
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23 Nov
07:34Hilton Food's Robert Watson to become non-executive chairman in 2021Food packaging company Hilton Food said Robert Watson would make the planned move from executive chairman to non-executive chairman on 1 January 2021. 'This change follows the completion of the...
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23 Nov
07:32Aviva to sell stake in Italian venture to UBI Banca for €400mInsurance company Aviva said it had agreed to sell its entire 80% stake in the Italian life insurance joint venture, Aviva Vita, to its partner UBI Banca for €400 million. The transaction,...
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23 Nov
07:25AA receives 35p/share takeover approach from private equity groupsRoadside assistance company AA said it had received a possible takeover of 35 pence a share from a consortium of investors including TowerBrook Capital Partners and Warburg Pincus International....
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23 Nov
07:19Meggitt issues $300m of corporate bondsHigh-tech component supplier to the aerospace and energy markets Meggitt said it had issued $300 million of private placement debt. The senior notes were issued to international investors on 19...
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23 Nov
07:16Vodafone brings forward carbon 'net zero' emissions target to 2040Telecom company Vodafone said it had committed to reducing its global carbon emissions to 'net zero' by 2040, a decade earlier than first planned. The company confirmed that its 2030 carbon...
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23 Nov
07:11Petropavlovsk hires KPMG to investigate previous company transactionsRussia-focused gold miner Petropavlovsk said it had appointed of KPMG to investigate 'certain transactions' undertaken by the company in the three years to August 2020. The forensic investigation...
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23 Nov
07:06Greencoat UK Wind acquires stake in Humber Gateway offshore wind farmGreencoat UK Wind said it had agreed to acquire a 49% stake in the Humber Gateway offshore wind farm from Germany's RWE, in partnership with pension funds managed by Greencoat Capital, for £648...